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RockStep Capital Buys Kansas Shopping Center

November 19, 2023
in Real Estate
Reading Time: 2 mins read
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RockStep Capital Buys Kansas Shopping Center

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The single-level, enclosed shopping mall has three main anchors. Image courtesy of RockStep Capital

The only-level, enclosed shopping center has three principal anchors. Picture courtesy of RockStep Capital

RockStep Capital has bought Manhattan City Middle, a 367,000-square-foot regional buying middle in downtown Manhattan, Kan.

Since 2015, the retail middle has traded 5 instances. Urbancal Manhattan City Middle LLC was the earlier proprietor of the event, whereas the 37.6-acre web site the buying middle sits on is owned by town, in line with The Mercury.

Final month, the Manhattan Metropolis Fee met to debate the sale of the Manhattan City Middle to Rockstep Capital, and voted in favor of the transaction, native publication KMAN reported.

RockStep plans to enhance and revitalize Manhattan City Middle by implementing modern retail methods, for which the corporate has secured a number of native buyers.

Developed in 1987 by the Metropolis of Manhattan and Forest Metropolis Enterprises, Manhattan City Middle is the one regional mall inside a 50-mile radius. Anchored by Dillard’s, JCPenney and the AMC Dine-In IMAX Theater, the retail middle options greater than 50 retailers and full-service eating places corresponding to Applebee’s, American Eagle, Claire’s, H&M, Victoria’s Secret, Ulta Magnificence and Well-known Footwear.

The buying middle is situated at 100 Manhattan City Middle, providing handy retail choices within the coronary heart of the Flint Hills. The property is close to Route 24, which supplies direct entry to Kansas Metropolis. Kansas State College, Sundown Zoo and Fairmont Park are inside a 2.5-mile radius from the buying middle.

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